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14 Bay State Road

Rita Guastella Of Coldwell Banker Facilitates $1.2M Multifamily Sale In Cambridge, MA
SOLDMultiFamily

Rita Guastella Of Coldwell Banker Facilitates $1.2M Multifamily Sale In Cambridge, MA

14 Bay State Road

$1,200,000

$521/SF

Building Size

2,300 SF

Asset Type

MultiFamily

Closing

Jun 6, 2024

AI

14 Bay State Rd in Cambridge, MA, was recently sold for $1,200,000. This 2-family property features 5 bedrooms, 4 baths, and spans 2,300 square feet. The interior boasts crown molding, wainscoting, marble countertops, and in-unit laundry, making it an attractive investment opportunity with current rental income below market value.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,200,000
  • Units: 2
  • Price Per Unit: $600,000
  • Square Footage: 2,300
  • Price Per Square Foot: $522
  • Address: 14 Bay State Road, Cambridge, MA
  • Market: Cambridge, MA
  • Broker: Rita Guastella - Coldwell Banker

Rita Guastella of Coldwell Banker represented the parties involved in the transaction, facilitating the sale of this lucrative property in Cambridge, MA.

Players

Rita Guastella

Coldwell Banker

Broker

$1.2M

vol

1 deal

Broker

Cambridge MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

13.22%

Cash-on-Cash

-3.78%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93